New York,Inc

New York,Inc.owns 100% of Brooklyn,Inc.and Queens,Inc.Taxable income for the three corporations for their first year was as follows: Which of the following statements is false?

A) Consolidated taxable income is $769,000.
B) If a consolidated return is filed,Queens,Inc.will receive immediate tax benefit from its operating loss.
C) If Brooklyn,Inc.is a foreign corporation,it can be part of a consolidated return.
D) The corporations are not required to file a consolidated tax return if they are an affiliated group; however,they may elect to do so.